India Ratings & Research (Ind-Ra) has placed Rolta India (Rolta), a leading provider of information technology consulting, solutions and services, long-term issuer rating of 'A+' and instrument ratings on Rating Watch Negative (RWN).

The RWN is a result of Ind-Ra's on-going review of Rolta's business and financial risk profile. The RWN indicates that the ratings may be downgraded or remain at the current level; any rating downgrade is likely to be limited to one notch.

Shares of the company gained Rs 1.95, or 1.71%, to settle at Rs 116. The total volume of shares traded was 701,876 at the BSE (Tuesday).